Question

Give various definitions of economics you know.

Answer 1

Economics is the art of best utilizing the minimum resources at our disposal.

Answer 2

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• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a household
• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life.

• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life.

The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life. -

• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life. - Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life. - Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Economics comes in whenever more of one thing means less of another.

The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life. - Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Economics comes in whenever more of one thing means less of another. -

• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life. - Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Economics comes in whenever more of one thing means less of another. -The theory of economics is a method rather than a doctrine, an apparatus of mind, a technique of thinking, which helps its possessor to draw correct conclusions
• The English word economics is derived from the ancient Greek word oikonomia—meaning the management of a family or a householdEconomy is the art of making most of life. Economics is the study of mankind in the ordinary business of life. - Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Economics comes in whenever more of one thing means less of another. -The theory of economics is a method rather than a doctrine, an apparatus of mind, a technique of thinking, which helps its possessor to draw correct conclusions Economics is the study of the use of scarce resources to satisfy unlimited human wants.

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